The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-30
CONDITION OF THE MARKETS
Heavy Trading in Pork, while Wheat
and Oats Receive Little Attention.
Corn Continues Strong at Slightly Higher
Prices-Wheat Firm and Steady. with
Small Fluctuations-0ats Dull and Quiet.
MONEY, BONDS AND STOCKS.

An Irregular but Generally Heavy Market
Showing Strength Toward the Close.
NEW YORK, Nov. 29.-Money call was
easy at . TO 6 per cent, closing offered at per
cent.
Prime mercantile paper, CAST per cent
Sterling exchange was dull but weaker at
81 slt for sixty-day bills. and 81 S4a for de-
mand.
The total sales OF stocks to-day were 3O7. 922
shares. including the following: Canada South
ern, $780, Delaware. Lackawanna & Western,
q. 900; Erie, 5000; Kansas & Texas. 1925
| Lake Shore, $3.50; Louisville 81 Nashville. =
/ 325; Missouri Pacific. 500; Northwestern. TO-
Gas; Oregon Transcontiuental, 3,17o: Pacific
Mail, 1900; Reading, 5000; st. Paul. So. $40
Union Pacific, sc, $50; Western Union, 20,97o.
The stock market was quieter to-day, and at
ter the morning hours displayed little feature
tPri ces were somewhat irregular, but generally
heavy to weak in the forenoon, and stronger
later in the day. London was seller CT its
gpeciaties this morning, and on the strength OF
il the ''bears" renewed their hammerIng and
some .'long" stock came out, but there was also
some support forthcoming and the impression
made upon prices IN few cases reached per
cent Pacific Mail was bought freely, and by
its strength did something to rally the list.
Union Pacific was also feature in the rise later
in the day. The dealings in Reading were again
very large, and considerable buying late in the
day was based the renewal of the reports in
regard to foreign buying for control The er-
forts of the clears died away by noon, and the
steady buying then began to be felt. prices ris-
ing slowly but steadily until the last hour. when
realizations again sagged the list off slightly.
The money market easier. and loans
on call were to be had as low as 2 per
cent. at the close. The foreigners were
out of the market by noon. and the trading after
that time entirely devoid of features First
sales were made at concessions of from TO
per cent. from last evenings final figures, and
prices were fairly sustained for the first
few minutes: but the pressure was
coon applied. and under the lead of Lackswauna
and North western saeged off rapidly for short
time. The pressure was soon removed, ard
Pacific Mail led the upward movement, while
the amount of business done underwent .
marked decrease. The market became positive
IL dull during the afternoon. but prices contIn-
ued to gain slowly until in the last hour. when
realizations saeeed the list of small fractions at
she close, which was rather heavy at irregular
changes for the day. Advances in major
ity this evening, but except for Pacific Mail,
which is mp per cent. and Wheeling and Lake
Erie which lost Il, the changes are for frac-
tons only.
Railroad bonds were dull and irregular; sales
1884 900, of which 1912. 900 in East Tennes-
zee fves. Kansas and Texas SKIES rose to 80.
Government bonds were quiet and weak.
State bonds dull and steady. Closing